SYNNOVATE ApS — Credit Rating and Financial Key Figures

SYNNOVATE ApS (CVR number: 29822824) is a company from GREVE. The company recorded a gross profit of 637.5 kDKK in 2023. The operating profit was 71.1 kDKK, while net earnings were 144.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good but Return on Equity (ROE) was 44.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -48.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SYNNOVATE ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.